Means Investment CO. Inc. Sells 100 Shares of The Trade Desk, Inc. (NASDAQ:TTD)

Means Investment CO. Inc. lessened its position in The Trade Desk, Inc. (NASDAQ:TTD) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,736 shares of the technology company’s stock after selling 100 shares during the period. Means Investment CO. Inc.’s holdings in Trade Desk were worth $204,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Ithaka Group LLC raised its stake in Trade Desk by 4.5% during the 3rd quarter. Ithaka Group LLC now owns 112,888 shares of the technology company’s stock worth $12,378,000 after buying an additional 4,836 shares during the period. Venture Visionary Partners LLC raised its position in shares of Trade Desk by 33.0% during the third quarter. Venture Visionary Partners LLC now owns 17,308 shares of the technology company’s stock worth $1,898,000 after purchasing an additional 4,296 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Trade Desk by 36.2% during the 4th quarter. Nordea Investment Management AB now owns 1,347,318 shares of the technology company’s stock valued at $159,132,000 after purchasing an additional 358,350 shares in the last quarter. Assetmark Inc. grew its position in shares of Trade Desk by 2,461.2% in the 3rd quarter. Assetmark Inc. now owns 73,559 shares of the technology company’s stock valued at $8,066,000 after purchasing an additional 70,687 shares during the period. Finally, Swiss National Bank increased its stake in Trade Desk by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,321,400 shares of the technology company’s stock worth $144,892,000 after purchasing an additional 4,500 shares in the last quarter. 67.77% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Jeffrey Terry Green sold 18,207 shares of Trade Desk stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $125.44, for a total transaction of $2,283,886.08. Following the completion of the transaction, the chief executive officer now directly owns 704,229 shares in the company, valued at $88,338,485.76. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Samantha Jacobson sold 4,298 shares of the company’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $118.56, for a total transaction of $509,570.88. Following the completion of the sale, the insider now owns 90,709 shares in the company, valued at $10,754,459.04. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 553,982 shares of company stock worth $68,954,147. Corporate insiders own 9.72% of the company’s stock.

Trade Desk Trading Down 0.2 %

Shares of TTD stock opened at $118.68 on Monday. The stock has a 50-day moving average of $125.48 and a 200-day moving average of $114.40. The stock has a market cap of $58.58 billion, a price-to-earnings ratio of 194.56, a PEG ratio of 3.75 and a beta of 1.45. The Trade Desk, Inc. has a 1-year low of $66.56 and a 1-year high of $141.53.

Trade Desk (NASDAQ:TTD) last issued its quarterly earnings results on Thursday, November 7th. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.21). Trade Desk had a return on equity of 13.17% and a net margin of 13.34%. The firm had revenue of $628.02 million during the quarter, compared to analyst estimates of $619.89 million. During the same quarter last year, the firm posted $0.08 EPS. Sell-side analysts forecast that The Trade Desk, Inc. will post 0.87 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TTD shares. Wells Fargo & Company increased their price objective on shares of Trade Desk from $141.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. StockNews.com lowered Trade Desk from a “buy” rating to a “hold” rating in a report on Saturday, November 30th. Cantor Fitzgerald reiterated a “neutral” rating and set a $110.00 price objective on shares of Trade Desk in a report on Monday, October 7th. Royal Bank of Canada raised their price target on shares of Trade Desk from $136.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 3rd. Finally, KeyCorp boosted their price objective on shares of Trade Desk from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.13.

Trade Desk Company Profile

The Trade Desk, Inc operates as a technology company in the United States and internationally. The company offers a self-service cloud-based platform that allows buyers to plan, manage, optimize, and measure data-driven digital advertising campaigns across various ad formats and channels, including video, display, audio, digital-out-of-home, native, and social on various devices, such as computers, mobile devices, televisions, and streaming devices.